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Is ARW setting up for a drop? Fell Below 50 Day Moving Average shows up after slipping 3.16%
ARW closed down 3.16% on Tuesday, August 18th, with volume running 0.1× below average. Multiple bearish signals emerged — Fell Below 50 DMA, Fell Below 20 DMA & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 209.45, 205.5 & 203.5, with resistance at 215.4, 217.4 & 221.35.
Current SwingTradeBot Technical Rating of ARW: B
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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